Kumar Mangalam Birla

Kumar Mangalam Birla News

Naveen Patnaik says Odisha emerging as manufacturing hub of east; urges industry captains to partake in growth
Business

Naveen Patnaik says Odisha emerging as manufacturing hub of east; urges industry captains to partake in growth

Patnaik urged FICCI to partner with Odisha's departments in successful implementation of the state's 'Vision 2025' for industrial development in six focus sectors.

Aditya Birla Group plans $5-bn capex over next three years; will invest in cement, financial services and chemicals businesses
Business

Aditya Birla Group plans $5-bn capex over next three years; will invest in cement, financial services and chemicals businesses

The Birlas in July announced that it would snap up the US-based aluminium player Aleris for around $2.58 billion.

Data should be used with the right safeguards says Mukesh Ambani at IMC
News & Analysis

Data should be used with the right safeguards says Mukesh Ambani at IMC

Addressing the inaugural session of the Indian Mobile Congress (IMC), Ambani described data as "the most important resource of the new age".

'Trade war hurting our US business,' admits Kumar Mangalam Birla; warns of more Chinese dumping of goods in domestic market
Business

'Trade war hurting our US business,' admits Kumar Mangalam Birla; warns of more Chinese dumping of goods in domestic market

The current spate of tariff wars between the two largest economies have impacted the Aditya Birla group's business in the US, chairman Kumarmangalam Birla said

Idea Cellular completes merger with Vodafone India after NCLT nod; will become largest telecom operator in country
Business

Idea Cellular completes merger with Vodafone India after NCLT nod; will become largest telecom operator in country

The combined entity of Vodafone and Idea Cellular will have nearly 443 million customers surpassing Bharti Airtel's 344 million users.

Air India may face more headwinds as govt backtracks on Rs 30,000 crore second bailout package
Business

Air India may face more headwinds as govt backtracks on Rs 30,000 crore second bailout package

The government needs a proactive approach to tackle the mess it has created at Air India.

Odisha govt conducts roadshow to promote investors' summit to be held in November
Business

Odisha govt conducts roadshow to promote investors' summit to be held in November

Odisha government in association with industry body FICCI on Wednesday conducted a roadshow in the city to woo investors ahead of its second edition of 'Make in Odisha' conclave scheduled to be held in November

Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key
Business

Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key

In a sense, the Idea-Vodafone merger was a forced marriage of convenience because Jio hit the market when the UK-based giant was planning its own Indian IPO (initial public offering), and the merger was seen as a backdoor way for Vodafone to get listed

Hindalco arm Novelis to acquire US-based aluminium producer Aleris Corporation for $2.58 bn
Business

Hindalco arm Novelis to acquire US-based aluminium producer Aleris Corporation for $2.58 bn

Aleris is a global supplier of aerospace and automotive aluminium rolled products

Vodafone-Idea merger: DoT gives final approval; deal spawns nation's biggest telecom operator worth over $23 bn
Business

Vodafone-Idea merger: DoT gives final approval; deal spawns nation's biggest telecom operator worth over $23 bn

The combined operations of Idea and Vodafone will create a telecom operator with a 35 percent market share and a subscriber base of around 430 million.

Idea, Vodafone pay Rs 7,249 cr under protest to telecom department to get green signal for merger
Business

Idea, Vodafone pay Rs 7,249 cr under protest to telecom department to get green signal for merger

The Idea Vodafone merger is expected to give breather to both debt-ridden firms Idea and Vodafone, from cut-throat competition in the market where margins have hit rock bottom with free voice calls.

Kumar Mangalam Birla says all is not rosy for economy, warns of near-term headwinds
Business

Kumar Mangalam Birla says all is not rosy for economy, warns of near-term headwinds

Birla said rising oil prices, spiralling inflation, firming bond yields and a widening current account deficit are areas of concern

Idea shareholders approve new name 'Vodafone Idea Ltd', Rs 15,000 cr fund raise plan
Business

Idea shareholders approve new name 'Vodafone Idea Ltd', Rs 15,000 cr fund raise plan

Shareholders of telecom operator Idea Cellular approved the new name 'Vodafone Idea Limited' for the company and plans to raise Rs 15,000 crore fund in the extraordinary general meeting held on Tuesday.

CNBC-TV18 hosts 13th edition of India Business Leader Awards; Kumar Mangalam Birla named Outstanding Businessman of the Year
Business

CNBC-TV18 hosts 13th edition of India Business Leader Awards; Kumar Mangalam Birla named Outstanding Businessman of the Year

CNBC-TV18 felicitated personalities who have contributed their expertise to bring about an equitable economic growth and have excelled in building profitable, sustainable and socially conscious businesses.

Vodafone-Idea Cellular merger in final stage of approval: Telecom secretary Aruna Sundararajan
Business

Vodafone-Idea Cellular merger in final stage of approval: Telecom secretary Aruna Sundararajan

The mega merger of Vodafone and Idea Cellular has already received the green light from NCLT and markets regulator SEBI

Vodafone-Idea merger: Kumar Mangalam Birla to be non-executive chairman; Balesh Sharma CEO
Business

Vodafone-Idea merger: Kumar Mangalam Birla to be non-executive chairman; Balesh Sharma CEO

Kumar Mangalam Birla will be non-executive chairman of the merged company which will combine business of Vodafone India and Idea Cellular

Pepsico India CEO D Shivakumar resigns, to join Aditya Birla Group as head of strategy
Business

Pepsico India CEO D Shivakumar resigns, to join Aditya Birla Group as head of strategy

Shivakumar has been replaced by Ahmed El Sheikh, Senior Vice President and General Manager for PepsiCo Egypt and Jordan,

Idea shares soar after Vodafone-Idea merger gets nod from the Competition Commission of India
News & Analysis

Idea shares soar after Vodafone-Idea merger gets nod from the Competition Commission of India

Idea Cellular said the transaction is expected to close in 2018 subject to customary approvals.

Vodafone-Idea merger gets nod from the Competition Commission of India
News & Analysis

Vodafone-Idea merger gets nod from the Competition Commission of India

The Competition Commission of India (CCI) has given approval for the Vodafone-Idea merger. According to sources, the CCI has sent approval letters to both Idea Cellular and Vodafone India.